Platforms that are giving tough competition to lead generation- change in game

Posted by: at 8/18/2017 01:01:00 am
Platforms that are giving tough competition to lead generation- change in game

It began when fintech platforms started aggregating banks on their website that made it easy for a borrower to judge which one to apply loan with. But rejection rates remained same here. A lot of collaterals that gave tough time to the borrower, be it individual or business. In fact in cases of MSEs and MSMEs collaterals is the biggest obstacle.

To address the challenges stepped in lending platforms that would go a step ahead to advise the borrower on loan procedures and potential lenders. Few who have come out strong with stable and sustainable model over the period and that are giving tough fight to websites that work of listing model are as below.

Rubique 

Platforms that are giving tough competition to lead generation- change in game


Rubique was the first ever portal to provide an online platform for one of crucial & faster growing segment SMEs (Small & Medium Enterprises). SMEs face serious challenges in raising finance from banks and financial institutions and are left at the mercy of local unorganized financiers charging interest of anywhere from 2% pm and above. This was one of the reasons SMEs weren't able to scale up and many face serious challenges in survival. Many SME units have either closed down or are struggling to remain afloat due to this. This is when the company decided to investigate into the reasons why SMEs fail to smartly manage their business finance and capital syndication issue. Started in 2014, Rubique has emerged to be India's one of the largest financial portals, offering a comprehensive range of financial products and services from multiple Banks & FIs, through a cutting-edge technology platform. The online portal with the help of unique algorithm and AI facilitates the best deals across a wide range of loans such as Personal Loans, Car Loans, Home Loans, Business Loans, Loans Against Property, Credit Cards, Healthcare and Construction equipment financing etc.


CoinTribe 

Platforms that are giving tough competition to lead generation- change in game

CoinTribe is a leading online loan disbursement platform that provides quick and easy collateral-free loans to small businesses and individuals. It is the only online lending platform which has back-tested its credit model with large banks. CoinTribe exercises an entirely digital loan assessment and ‘decision’ing process, requires minimal paperwork as well as documentation and involves no application cost for loan delivery through its platform.
Incepted in May 2015, CoinTribe has developed a high degree of trust and confidence amongst banks and NBFCs for its quick and precise credit assessment and risk analysis mechanisms. small businesses and individuals. It is the only online lending platform which has back-tested its credit model with large banks. CoinTribe exercises an entirely digital loan assessment and ‘decision’ing process requires minimal paperwork as well as documentation and involves no application cost for loan delivery through its platform.
CoinTribe has multiple first-of-its-kind innovations to its credit. It has for long been leveraging e-Aadhaar, e-signature, and digitization of scanned bank statements and construction of month on month P&L from banks statements to provide a seamless consumer experience.
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Loantap 

Loantap


LoanTap is a fin-tech platform delivering a bouquet of Loan Products to salaried professionals. From the Regular EMI based Loans, to EMI Free Loans to Personal Line of Credit, LoanTap caters to all the requirements of a budding Salaried Professional. Unlike most FinTech Companies it is not an aggregator platform and directly dispenses Loans through its in-house NBFC. It uses technology to deliver smart and innovative products for millennials. Borrowers can choose custom- made loan products from an array of offerings like Overdraft Facility, Credit Card Takeover Loans, Rental Security Deposit Loans, Advance Salary Loans and consumer durable loans. Registered with RBI, it has an in-house NBFC offering unique products and features within the regulatory guidelines, thereby ensuring a fully transparent pricing structure


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